3 Reasons to Open a Roth IRA in 2021
Nearly 25 million people own Roth IRAs, according to the Investment Company Institute, but that's a far cry from the number of Americans who could contribute to one if they wanted. While a Roth IRA isn't the best retirement account for everyone, it has some distinct advantages that make it worth considering, especially for those who don't have a workplace retirement plan that matches contributions. While a workplace retirement plan is usually only open to employees, just about anyone can open and contribute to a Roth IRA.
